Ammon News - The Abu Dhabi Future Energy Company (Masdar) agreed with the Jordanian energy ministry to soon embark on a wind power production project at a capacity of 2 gigawatts, the company's Asset Management head Ali Buhaji announced Tuesday.

Under an agreement signed on the sidelines of the 2022 United Nations Climate Change Conference (COP27), Jordan and the United Arab Emirates signed a memorandum of understanding to explore renewable energy projects and information and technology exchange in green energy fields.

Buhaji affirmed his company's commitment to boosting cooperation with Jordan in sustainable energy, pointing to the Kingdom's strategic location as a leading investment destination.

Masdar's $500 million investments in Jordan started in 2015 with the Tafila Wind Farm, contributing 117 megawatts, 3 percent of Jordan's total energy capacity, as well as the Baynouna Solar Power Plant, the largest solar power project in Jordan generating 563 gigawatts annually (4 percent of the annual power consumption), added Buhaji.

Jordan seeks to raise its sustainable electricity generation to about 50 percent by 2030, with 29 percent of electricity currently generated from renewables.